EUR/USD heading for 1.30?

FXStreet (Guatemala) - EUR/USD is trading at 1.3469, down -0.41% on the day, having posted a daily high at 1.3530 and low at 1.3459.

EUR/USD is trading heavy and dropped out of the sideways channel. However, Jane Foley Senior Currency Strategist explained that the continued dovish tone of Yellen suggests that the Fed is in no rush to hike rates. “However, we maintain that the central bank will gradually start to tighten policy by the end of 2015…For now USD gains could be limited until Yellen dismisses her dovish tone. That said, we could currently be witnessing the start of the long awaited turnaround for EUR/USD. Our 12 mth forecast stands at 1.30”.